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Big Data Survey Highlights Potential, Challenges

August 17, 2012

by Angela Guess

RainStor has completed a new survey which “provides greater insight on how large enterprises are adopting technology to better manage and analyze Big Data. Sponsored by RainStor, the results comprise responses from senior-level executives from a range of industry sectors including banking, financial services, communications and manufacturing.”

Some of the most significant findings from the study include: “(1) Big Data helps organizations make better business decisions. A majority of respondents (75.5 percent) agree that the ability to manage Big Data and make it available across the enterprise is extremely important for improving overall business value. (2) Velocity and variety of data continue to present some of the biggest challenges for enterprises. 37 percent of survey respondents indicate that the biggest challenges around managing Big Data are the speed of data creation (velocity), increase in types of data (variety), and the ability to provide analytics against data.”

The list goes on: “(3) New skills are needed. The lack of relevant skills in newer technologies, such as Hadoop, was a prominent theme; whereas standard SQL still appears to be the “enterprise standard” when running queries and analysis again existing data warehouses. (4) Companies look for less expensive data warehouses when capacity is reached. Almost 30 percent of respondents look to less expensive data warehouses when they reach capacity in their existing enterprise data warehouse. One quarter of those surveyed said they archive data to offline tape, which for 37% of respondents takes multiple days to retrieve the data back.”

Read the full report here.

photo credit: RainStor

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